The Securities Exchange Board of Nepal (SEBON) has approved the proposed IPO issue of Menchhiyam Hydropower Limited on Magh 19.
The company will now issue 1,627,750 equity shares at a par value of NPR 100 each. The amount of the issue is Rs. 16.27 Crore. This is 30% of the company’s issued capital. The total paid-up capital after the IPO allotment would be Rs 54.25 crore of the company.
Today’s gold price has dropped by Rs. 1,400 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 106,100 per tola. Yesterday, the rate remained unchanged at Rs. 107,500 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 105,600. In contrast, the rate was kept at Rs. 107,000 per tola yesterday.
Today is the last day to take advantage of Guheswori Merchant Banking & Finance Limited’s proposed 6.84% dividend (GMFIL).
The company has scheduled its 21st Annual General Meeting for March 27th, 2079. The meeting will begin at 10 a.m. that day at the company’s headquarters in Harihar Bhavan, Lalitpur.
Kalinchowk Darshan Limited’s initial public offering (IPO) was completed today at the offices of Nabil Investment Banking Limited in Kathmandu.
Kalinchowk Darshan Limited had issued to the general public 896,400 units worth Rs 8.96 crore in an Initial Public Offering (Magh 3-6, 2079).
Purwanchal Lube Oil (PLO) plans to issue 500,000 equity shares to the general public through an initial public offering (IPO), with Prabhu Capital Limited serving as the share issue and sales manager.
On Magh 18, 2079, the two parties’ contract was completed. The agreement was signed by Mr. Bholeshwar Dulal, Managing Director of Purwanchal Lube Oil, and Mr. Dinesh Thakali, Managing Director of Prabhu Capital.
In the Nepalese market, the price of gold has reached an all-time high. The gain for today is the result of a Rs. 1200 single-day gain from yesterday’s price.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 107,500 per tola. Yesterday, the rate remained unchanged at Rs. 106,300 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 107,000. In contrast, the rate was kept at Rs. 105,800 per tola yesterday.
The Securities Exchange Board of Nepal (SEBON) has approved Dolti Power Company Limited and Bhugol Energy Development Company Limited’s proposed initial public offering (IPO). On Magh 16, both proposals were approved.
Dolti Power Company will now issue 1,609,458 equity shares with NPR 100 par value each. The issue is worth Rs. 16.09 crore. This is equivalent to 30% of the company’s issued capital. The company’s total paid-up capital after the IPO allotment would be Rs 53.64 crore.
The price of gold has surged by Rs. 500 in the domestic market today.
According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 106,300 per tola. Yesterday, the rate was maintained at Rs. 105,800 per tola. Meanwhile, Tejabi gold is being traded at Rs. 105,800 today. In contrast, the rate was maintained yesterday at Rs. 105,300 per tola.
The government is working to advance a bill that would amend the Money Laundering Prevention Act.
On Tuesday, the national review council on money laundering met at the Ministry of Finance and decided to fast track a bill to amend some acts relating to money laundering control and promotion of the professional environment.
Shuvam Power Limited (SHUVAM) is launching an issue of 4,81,882 unit shares with a face value of Rs 100 starting today, March 18th, 2079. The company expects to earn Rs 4.81 crore from this IPO. This issue’s early closing date is 22nd Magh, and if it is not fully subscribed, it can be extended until Falgun 03, 2079.
Out of the total 580,580 units, 10%, or 58,058 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 11,610 units, have been set aside for the company’s employees, and 5%, or 29,030 units, have been set aside for mutual funds. The remaining 4,81,882 units are for general distribution.
Sanima Middle Tamor Hydropower Limited has closed the issue of its initial public offering (IPO) to Nepalese citizens working abroad as of today’s banking hours, Magh 18, and has extended the IPO issue deadline for project-affected locals until 4th Falgun, 2079. The issue had begun on the 4th of Magh, 2079.
The company’s issued capital is Rs. 3.33 Arba, of which 10%, or 33,32,500 unit shares worth Rs. 10 crores, have been allocated to project-affected Taplejung District residents. Meanwhile, 15% of the company’s issued capital, or 49,98,750 unit shares, will be made available to the general public later. This public issue, which will close today, has allocated 10% of the shares totaling 499,875 units to Nepalese citizens working abroad.
Today is the last day to grab the dividend proposed by Taragaon Regency Hotel Limited (TRH), Ridi Power Company Limited (RIDI), and Arun Valley Hydropower Development Company Limited (AHPC).
Taragaon Regency Hotel Limited (TRH) has called its 26th AGM on 3rd Falgun, 2079. The meeting will be held in Nepal Tourism Board, Bhrikutimandap, starting at 11 AM.